Gate Research: Global Tech Stocks Under Pressure, BTC Falls Below $71,000

• Stock Market: All three major U.S. stock indices edged lower as tech stocks came under pressure. Hong Kong's Hang Seng TECH Index fell more than 2%, while southbound capital recorded net inflows of approximately HK$5.847 billion. South Korean stocks fluctuated lower, with foreign investors posting modest net purchases in the KOSPI.

• Market Commentary: The crypto market extended its correction, with BTC and ETH declining 3.94% and 2.19%, respectively, over the past 24 hours. The Fear & Greed Index dropped to 22 (Extreme Fear), while BTC briefly slipped below $71,000. Despite short-term oversold conditions, capital flows remained cautious.

• Trending Tokens: RITUAL (+17.29%), XPR (+15.13%), and ERG (+5.94%) led the gains, with capital rotating primarily into AI agent infrastructure, on-chain payments, and Proof-of-Work (PoW) DeFi assets.

• Alpha Insights: The U.S. Department of Justice advanced efforts to seize crypto assets linked to criminal cases, signaling a new phase in on-chain security and asset recovery. Spot BTC and ETH ETFs continued to experience net outflows, indicating that institutional risk appetite has yet to recover. Meanwhile, Aave DAO discussed integrating native BTC into its V4 collateral framework, potentially expanding the range of assets supported as collateral in DeFi.

Discover more details today → Gate Research: Global Tech Stocks Under Pressure, BTC Falls Below $71,000

Gate Research is a comprehensive blockchain and cryptocurrency research platform providing in-depth content, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.

Disclaimer

Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.

Gate Team
November 13, 2026

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